What is Foreign
Foreign Liability Coverage — a specialty policy for an insured's liability for foreign operations arising out of a permanent branch office, manufacturing facility, construction project, or other operation located in another country.
What does it cover?
The commercial general liability (CGL) policy provides coverage for incidental exposures—for example, when an executive who lives and works in the United States and occasionally travels overseas for business trips. For permanent operations in foreign countries, a separate foreign liability policy is required.
What's at stake if I don't have it?
- When your company manufactures and distributes products outside of the U.S., Foreign liability insurance will protect your company in the event an employee faces foreign lawsuit or injury. It will protect assets that may become seized, allow for the continuation of future foreign business, and may allow foreign judgments to be satisfied in the U.S.
- When your company rents offices or runs meetings, product demonstrations or trade shows in foreign companies. Purchasing foreign liability insurance protects for damages or injuries arising from such operations.
- When any of your employees temporarily work in foreign territory and face injury or death, need immediate medical attention, or request emergency evacuation.
- When employees, in a foreign country, need emergency travel services in the case of language barriers or political, medical or legal problems.
When your company employee uses a vehicle outside the U.S.
- When employees travel to certain Middle East, African Nation’s or Central & South American Countries where Kidnap (express Kidnapping), Ransom, and Extortion are more common.